INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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LASCOPA DISMISSES VIRAL SOCIAL MEDIA REPORT ON BAN ON SALE OF PLASTIC BOTTLED DRINKS EXPOSED TO SUNLIGHT.(PHOTO).#PRESS RELEASE.

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LASCOPA DISMISSES VIRAL SOCIAL MEDIA REPORT ON BAN ON SALE OF PLASTIC BOTTLED DRINKS EXPOSED TO SUNLIGHT


The Lagos State Consumer Protection Agency (LASCOPA) has dismissed a viral social media report alleging that the State Government is set to ban the sale of plastic bottled drinks exposed to sunlight.

A statement signed by the General Manager of LASCOPA, Afolabi Solebo Esq., said that the Agency's plan is to engage sellers and buyers of plastic bottled drinks through advocacy and sensitisation programmes on the dangers inherent in the exposure of plastic bottled drinks to sunlight.

Solebo noted that the Lagos State Government has no intention of banning the sale of plastic bottled drinks as stated in the social media report being circulated, saying “The Government is keen on ensuring that both consumers and traders are educated and enlightened on the health hazard of consuming plastic bottled drinks that have been exposed to sunlight”.

The General Manager emphasised that the exposure of plastic bottled drinks to sunlight is dangerous to the health of consumers as it can cause cancer, hormonal imbalance, and gastrointestinal issues, among other health conditions.

While informing that the essence of the display of plastic bottles by sellers is to create awareness of the availability of their product or merchandise, he urged manufacturers and producers alike to make available alternative dummy bottles to retailers of plastic bottle drinks for use as product display instead of the actual plastic bottled drinks being exposed to sunlight.

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